A Strong Start to the Year with Rising Sales, Prices & Buyer Interest
The first quarter of 2025 has delivered impressive momentum for the Puerto Vallarta and Riviera Nayarit real estate markets. According to the latest MLS data (January 1 to April 15), both condo and home segments have shown significant growth compared to the same period last year, despite a notable increase in active inventory.
🏢 Condo Market Trends
The condo market continues to be a strong driver of real estate activity, especially in central and coastal zones:
- Total condos sold: 321 units (↑ 25%)
- Sales volume: $166M USD (↑ 47%)
- Average sale price: $518,312 USD (↑ 17%)
Areas such as Centro South, South Shore, and the Hotel Zone have seen remarkable appreciation, with prices rising up to 58% in some locations. Notably, the Hotel Zone recorded a 153% increase in sales volume.
🏠 House Market Trends
While houses typically move more slowly than condos, Q1 showed an impressive rebound in this segment:
- Total houses sold: 77 units (↑ 42%)
- Sales volume: $54.3M USD (↑ 68%)
- Average sale price: $705,420 USD (↑ 18%)
High-growth zones include Francisco Villa, Centro North, San Pancho, and Sayulita, where multi-million-dollar transactions are becoming more common, especially in lifestyle and investment properties.
📈 Inventory and Buyer Trends
- Active listings: 4,930 (↑ 44% from last year)
- Days on market: Slight increase to an average of 257 days
- Percent of list price: Sellers are receiving about 92% to 96% of their asking price—still a strong showing
This surge in listings provides more options for buyers, but demand remains high. Competitive pricing and desirable amenities are still closing deals quickly.
💬 What This Means for You
Whether you’re looking to buy or sell, this market is full of opportunity:
- Sellers: Rising prices and buyer activity mean it’s an excellent time to list—especially in high-demand zones.
- Buyers: With more inventory and a variety of price points, the first half of 2025 offers a wider window to find the right property before further appreciation.
Let’s discuss your goals and how to make the most of this dynamic market.
📩 Reach out for a personalized market consultation or to receive listings tailored to your interests.
